Fan Tokens are the utility tokens of Socios.com, created on Chiliz Chain – The Sports Blockchain.
Utility tokens are a type of digital asset. Generally, digital assets include anything created and stored digitally that has, or provides, value.
What sets utility tokens apart is that they are created using blockchain technology and are intended for a specific use, or uses – i.e. utility.
Fan Tokens have very clear utility on Socios.com – to Reward your Passion.
How? By empowering you to be rewarded for being what you’ve always been – a passionate fan.
Use Fan Tokens to vote in official team polls, check in for games, play games, choose your favourite players and predict results, and you’ll generate reward points that lead to extraordinary Fan Rewards, including once-in-a-lifetime experiences, exclusive benefits and other perks.
What are the risks?
Fan Tokens are obtained by exchanging them for the Chiliz cryptocurrency ($ CHZ), which can be purchased on the Socios.com app after downloading it. Before using crypto-assets (tokens), consider that: (a) their value can go down or up; (b) they are not regulated in most countries; (C) you may have to pay taxes on any profits made from their sale. Take 2 mins to learnmore.
